Brandes Emerging Correlations

Mutual Funds . USA . 
Fund . Brandes Emerging Markets
BEMRX Fund  USD 10.40  0.01  0.1%   
The current 90-days correlation between Brandes Emerging Markets and Baron Emerging Markets is 0.85 (i.e., Very poor diversification). The correlation of Brandes Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Brandes Emerging Correlation With Market

Very weak diversification

The correlation between Brandes Emerging Markets and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brandes Emerging Markets. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Brandes Mutual Fund

  0.99BSCRX Brandes Small CapPairCorr
  0.99BSCMX Brandes Small CapPairCorr
  0.99BSCAX Brandes Small CapPairCorr
  0.67BCPRX Brandes E PlusPairCorr
  0.65BCPIX Brandes E PlusPairCorr
  0.64BCPAX Brandes E PlusPairCorr
  1.0BEMIX Brandes Emerging MarketsPairCorr
  1.0BEMCX Brandes Emerging MarketsPairCorr
  1.0BEMAX Brandes Emerging MarketsPairCorr
  0.99BGEAX Brandes Global EquityPairCorr
  0.99BGVIX Brandes Global EquityPairCorr
  0.99BGVCX Brandes Global EquityPairCorr
  0.98BIERX Brandes InternationalPairCorr
  0.98BIECX Brandes InternationalPairCorr
  0.98BIEAX Brandes InternationalPairCorr
  0.98BIIEX Brandes InternationalPairCorr
  0.99BINCX Brandes InternationalPairCorr
  0.99BISMX Brandes InternationalPairCorr
  0.99BISAX Brandes InternationalPairCorr
  0.99BISRX Brandes InternationalPairCorr
  0.84SMARX Brandes SeparatelyPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  1.0FWWNX American Funds NewPairCorr
  1.0FNFWX American Funds NewPairCorr
  1.0NEWFX New World FundPairCorr
  1.0NWFFX New World FundPairCorr
  1.0NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.97ASG Liberty All StarPairCorr
  0.93IIF Morgan Stanley IndiaPairCorr
  0.99CII Blackrock EnhancedPairCorr
  0.8IFN India ClosedPairCorr
  0.97ETV Eaton Vance TaxPairCorr
  0.94CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.94CRF Cornerstone StrategicPairCorr
  0.96USA Liberty All StarPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Brandes Mutual Fund performing well and Brandes Emerging Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Brandes Emerging's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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